HAKUHODO DY HOLDINGS INCORPORATED Stock Forecast
Stronger technical forecast for HAKUHODO DY HOLDINGS INCORPORATED stock price after Friday trading.
(Updated on May 10, 2024)
The HAKUHODO DY HOLDINGS INCORPORATED stock price gained 0.540% on the last trading day (Friday, 10th May 2024), rising from JP¥1,481.50 to JP¥1,489.50. During the last trading day the stock fluctuated 1.90% from a day low at JP¥1,470.00 to a day high of JP¥1,498.00. The price has risen in 7 of the last 10 days and is up by 2.13% over the past 2 weeks. Volume fell on the last day by -177 thousand shares and in total, 585 thousand shares were bought and sold for approximately JP¥871.80 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥1,516.16 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.53% during the next 3 months and, with a 90% probability hold a price between JP¥1,446.16 and JP¥1,600.05 at the end of this 3-month period.
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2433.T Signals & Forecast
Mostly positive signals in the chart today. The HAKUHODO DY HOLDINGS INCORPORATED stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥1,474.64 and JP¥1,416.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 12.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for HAKUHODO DY HOLDINGS INCORPORATED stock
HAKUHODO DY HOLDINGS INCORPORATED finds support from accumulated volume at JP¥1,445.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥28.00 (1.90%) between high and low. For the last week, the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: JP¥1,443.03 (-3.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (2433.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect HAKUHODO DY HOLDINGS INCORPORATED to open at JP¥1,485.83, and during the day (based on 14 day Average True Range), to move between JP¥1,457.60 and JP¥1,521.40, which gives a possible trading interval of +/-JP¥31.90 (+/-2.14%) up or down from last closing price. If HAKUHODO DY HOLDINGS INCORPORATED takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,445.00, some JP¥44.50 (2.99%) from the current price of JP¥1,489.50, our system finds the risk reward attractive.
Earnings coming up
HAKUHODO DY HOLDINGS INCORPORATED will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for HAKUHODO DY HOLDINGS INCORPORATED, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.07% in the first trading day after earnings release.
Is HAKUHODO DY HOLDINGS INCORPORATED stock A Buy?
HAKUHODO DY HOLDINGS INCORPORATED holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.127 Strong Buy Candidate Upgraded
Predicted Opening Price for HAKUHODO DY HOLDINGS INCORPORATED of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥1,485.83 ( 0.246%) | JP¥1,489.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2433.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,513.83 | 1.63 % | |
| R2 | 1,503.14 | 0.92 % | ||
| R1 | 1,496.53 | 0.472 % | ||
| Current price: | 1,489.50 | |||
| Support | S1 | 1,475.14 | -0.96 % | |
| S2 | 1,468.53 | -1.41 % | ||
| S3 | 1,457.83 | -2.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,489.50 | |||
| Support | S1 | 1,445.00 | -2.99% | |
| S2 | 1,391.50 | -6.58% | ||
| S3 | 1,358.00 | -8.83% |
2433 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥16.00 | 1.10% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥16.00 | 1.59% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥17.00 | 1.07% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥15.00 | 0.789% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥15.00 | 0.799% |
FAQ
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